Logan Energy Corp. (CVE:LGN) Given Consensus Recommendation of “Buy” by Brokerages

Shares of Logan Energy Corp. (CVE:LGN) have earned an average rating of “Buy” from the eight analysts that are covering the firm, MarketBeat.com reports. Seven research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is C$1.50.

A number of research analysts have commented on LGN shares. CIBC upped their price target on Logan Energy from C$1.50 to C$1.75 in a research report on Monday, July 15th. Scotiabank raised Logan Energy from a “hold” rating to a “strong-buy” rating in a research report on Friday, June 14th.

Logan Energy Stock Down 3.5 %

LGN opened at C$0.82 on Wednesday. The business has a 50 day simple moving average of C$0.86 and a two-hundred day simple moving average of C$0.86. Logan Energy has a one year low of C$0.76 and a one year high of C$1.15.

Logan Energy Company Profile

Logan Energy Corp. engages in the exploration, development and production of crude oil and natural gas properties. The company holds interest in the Simonette and Pouce Coupe properties in northwest Alberta; and the Flatrock property in northeastern British Columbia. Logan Energy Corp. was incorporated in 2023 and is headquartered in Calgary, Canada.